‘These Folks Are Serious!’ Analysts Imagine A Future Where Tax Reform Is A Real Thing
It's an all-hands-on-deck blitz(krieg) by the GOP to rally public support for a tax plan that will help Donald Trump and his family save an estimated $1.1 billion and help secure the fortunes of "struggling" Americans like Steve Mnuchin who wishes his entire graduating Yale class would stop writing him letters asking why he works for a Nazi sympathizer.
The irony, of course, is that you can't count on Trump to move the plan forward because when he's not busy talking shit about the people trying
The Fed has been after the Whitehouse and Congress to take the economic reins and pass some fiscally-beneficial legislation. Would a big-deficit budget and eased tax regime (for corporations and the wealthy) qualify? If that’s the case, would it clear the way for the Fed to keep upward movement on rates (providing Congress can get past the Dec 8 threatened govt shutdown)?
If all that goes forward, would the effect of increased Fed rate and QT overwhelm the effect of tax decreases (after the initial euphoria, of course)?